Multi-Month Double Bottom on Paypal

23 Eyl 2023

PYPL looks to have double bottomed after a massive sell-off for a rather well performing company. Yes the growth has finally slowed, but does that justify historically low PE ratios and the current valuation 5x off of highs? I do not have a position yet, but this would be a strong risk-to-reward entry for a likely double bottom, spot, calls and generally being long looks like the play here.